Private Treaty

A private treaty is defined as a “binding agreement under international law concluded by subjects of international law.” SurplusEQ is a global auctioneering company that also conducts private treaty sales and features private treaty sales via its website. A private treaty sale is also known as a negotiated sale and is often used by companies that need to liquidate their assets fast.

SurplusEQ makes it easy for all potential buyers to clearly find all necessary information related to a private treaty sale. The items for sale, along with their photographs, are clearly displayed on the SurplusEQ website

Machinery and big-ticket items are often items that are put up for sale at a privatetreaty sale. In order to place a bid or to make an offer for any of the items at a private treaty sale, there is a contact name and number and/or e-mail address listed at the site. This is the individual who is taking care of the sale. This is also the person who will negotiate the proper terms in regards to the sale of the item(s) between you, as the prospective buyer, and the seller. Sometimes a private treaty is referred to as a “fixed private treaty sale.” This means that the negotiated sale has an end date that has already been predetermined from the start. If the private treaty sale is of the fixed, it will state where to find all other relevant information.

The type of equipment for sale will be listed (for example, food and beverage or paper, pulp and converting), as will its main assets. Some bids will require the buyer to register at the SurplusEQ site, whereas others will not. Read the instructions as carefully as possible. A lot catalog is generally provided for all items in a privatetreaty sale. It is always a good idea to familiarize yourself with the product before bidding. Always take the time to browse through the lot catalog for more details. These catalogs are a wealth of information.

Shipping information, payment information, and in some cases, leasing information are listed on the website. In some cases, buyers will have access to a virtual plant video tour so they can see the facilities before proceeding further. All of the terms and conditions of the sale are laid out for the buyer on the private treaty sale page.